How to pay yourself bonuses and commissions as a company director. Paying bonuses and commissions effectively can ensure you reap benefits while staying compliant with the Income Tax Assessment Act. These types of payments are not only a direct reward for exceptional...
How to make loan repayments to shareholders for Division 7a. Are you aware of the benefits of using loan repayments to return funds to shareholders, compared to other methods like dividends? This approach involves repaying funds that shareholders initially lent to the...
Key tax due dates for Construction Trade Professionals for 2024. As a tradesperson running your own construction business, as an electrician, plumber, or bricklayer, you need to manage your tax obligations, cover overhead costs, and seek new projects while keeping an...
Rental property tax considerations for property investments. Cameron recently bought a coastal property in Byron Bay, listing it for short-term rentals while managing his construction business in Brisbane. His aim is to maintain it as a long-term investment that also...
